Insignis’ clients will now be able to place their cash with over 33 banks and building societies, enabling them to access market-leading interest rates whilst efficiently maximising FSCS protection eligibility.
Insignis Cash Solutions is pleased to welcome the National Bank of Egypt UK as the latest partner bank to join its cash management platform.
The new partnership expands the banking panel available to Insignis’ clients, providing a wider choice of savings products. Insignis’ clients will now be able to place their cash with over 33 banks and building societies, enabling them to access market-leading interest rates whilst efficiently maximising FSCS protection eligibility.
Dr Yasser Hassan, CEO at National Bank of Egypt UK comments, “We are delighted to be working with Insignis Cash Solutions to provide UK depositors with a range of fixed-rate deposit products to meet their investment and savings objectives. We are especially delighted to offer USD fixed-rate deposits to those investors looking for a safe alternative for their USD deposits.”
National Bank of Egypt UK (NBEUK) is part of the National Bank of Egypt Group (NBEG), headquartered in Cairo, with NBEUK based in the heart of Mayfair. Founded in 1898, and with assets totalling over £100 Billion, NBEG is one of the oldest and largest banks in the Middle East and North Africa region. NBEUK provides general banking services to both private and public sector clients and conducts international banking worldwide. The banks’ presence in London offers UK customers the chance to tap into NBEG’s rich heritage and become a part of their global reach. Deposits placed with the NBEUK through Insignis are eligible for protection by the Financial Services Compensation Scheme (FSCS) up to £85,000 per depositor. For more information, please visit the FSCS website.
Liam Hutchings, Head of Bank Partnerships and Products at Insignis Cash Solutions said, “It’s fantastic to be able to announce the addition of National Bank of Egypt (UK) to our banking panel. Adding new providers to our cash management platform, naturally enhances the product offering to our clients along with providing further FSCS protection of £85,000 per depositor. The rich history and values of National Bank of Egypt (UK) gives our clients peace of mind that their cash deposits will be looked after.”
Insignis’ award-winning cash savings platform is designed to help clients earn better interest from their hard-earned cash. Insignis partners with wealth managers, financial planners and banks to empower savers to do more. Insignis offers solutions for a variety of client types such as personal, corporate, not-for-profit, pensions and trusts, across a range of deposit accounts. If you would like to find out more about how Insignis could help you or your clients, please email us at info@insigniscash.com.